One of the promised utilities of the Alpies NFTs is the 50% boost to max leverage on Alpaca Finance’s leveraged yield farming. Today, we’re happy to announce that this benefit will go live starting June 30th, 2022 at approx. 10 AM UTC. Read on for more details!
❓How does it work?
Alpies’ owners will be able to stake their NFTs for access to higher leverage on the selected leveraged yield farming pools. If you own Dreamer Alpies, you will need to bridge your NFTs over to the BNBChain before you can stake it. You can read how to bridge your NFT here.
- 1 Staked Alpie NFT will boost max leverage on an unlimited number of positions (for that wallet)
- You can stake your Alpies here. [insert link]
- You may unstake your Alpie at any time (but mind the leverage, more info in the warning below)
⚠️ When you unstake your Alpie NFT, the liquidation threshold will be reverted to the standard value, which mean your opened positions could be at risk for liquidation. Check the standard values here. Please make sure you review and manage your positions (lower leverage, add collateral, partial close, etc.) before unstaking.
🚀Pools with access to higher leverage
You will have access to higher leverage (3x → 4.5x) on the following pools:
For more information, you can also review our Docs for more details here.
Stake Your Alpies for Access to Higher LYF Leverage! was originally published in Alpaca Finance on Medium.